Loan Processing & Documentation Specialist

Box 468, New Tripoli, PA; Orefield (PA); On-site; USD 42,000 - 56,000; Full time

Job summary

Box 468 in Orefield, PA is seeking an organized loan processing assistant to support the loan unit. You will prepare new loan documents, upload data into LOS and core systems, review files, and coordinate with other departments to ensure accurate, timely processing.

In addition, you will generate routine loan reports, maintain compliant records, respond to inquiries, and support the Loan Officers while adhering to bank policies and risk controls.

Qualifications

• Education/Training: A high school diploma or equivalent; specialized banking training and education required.
• Skill(s): Proficient reading, writing, grammar, and mathematics skills; strong interpersonal relations and communicative skills; attention to detail; working knowledge of bank operating policies and procedures; knowledge of lending policies and procedures; proficient keyboarding skills; proficient computer skills; visual and auditory skills.
• Experience: Two years’ preferred banking or finance experience.

Responsibilities

• Performs a variety of duties to support the loan processing function of which the following are illustrative.
• Prepare new loan documents for all loans in the LOS systems and upload/input new loan information onto the core system for both consumer and commercial loans; sorts and reviews the loan file.
• Assembles, processes and prepares a separate loan file for all loans and scans loan files in accordance with prescribed operating policy.
• Prepares and reconciles, on a scheduled basis, various loan reports as directed; updates system when necessary.
• Prepares a variety of letters and forms such as evidence of home insurance, past due insurance premium notices, paid off loan letters and forced placed insurance. Orders customer coupon books.
• Update missing loan documents in tracking system.
• Processes new loan disbursements, loan payments, payoffs, and address changes, and processes draws on lines of credit and construction loans.
• Processes paid loan files, including the return of documents to customers, prepare satisfaction pieces and lien releases and scan paid off documents.
• Coordinates State electronic VINTEK system, for all lien and title filings on automobile loans. Completes UCC Filings & Terminations for commercial loans.
• Serves as back-up for telephone system for Lending Department calls.
• Handles incoming customer inquiries and payoff requests.
• Tracks / reviews all loans that are HMDA reportable, updates LAR and maintains compliance.
• Assists Loan Officers with the collection, retention and disposal of supporting loan documents.
• Coordinates specific work tasks with the Credit Department to ensure the smooth and efficient flow of information.
• Abides by the current laws and organizational policies and procedures designed and implemented to promote an environment which is free of sexual harassment and other forms of illegal discriminatory behavior in the workplace.
• Cooperates with, participates in, and supports the adherence to all internal policies, procedures, and practices in support of risk management and overall safety and soundness.
• Reports pertinent information to the immediate supervisor as requested, or according to an established schedule; compiles information as necessary or as directed and provides data to appropriate Bank personnel.
• Responds to inquiries relating to his/her area or to requests from customers, other Bank personnel, etc., within given time frames and within established policy.
• Maintain compliance with all regulations and bank policies and procedures, including but not limited to, Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC) requirements.
• Regular and predictable attendance is expected and is an essential function of the job.
• Other duties as assigned.

Skills

Reading & Writing

Interpersonal skills

Attention to detail

Bank policies

Typing

Computer skills

Communication

Auditory/visual skills

Education

High school diploma

Banking training

Job description

Box 468 in Orefield, PA is seeking an organized loan processing assistant to support the loan unit. You will prepare new loan documents, upload data into LOS and core systems, review files, and coordinate with other departments to ensure accurate, timely processing.

In addition, you will generate routine loan reports, maintain compliant records, respond to inquiries, and support the Loan Officers while adhering to bank policies and risk controls.